Products June 4, 2009

New Service Helps Fiduciaries Assess Investment Offerings

Kelley Drye&Warren LLP, an international law firm, and Rocaton Investment Advisors LLC, an independent investment advisory firm, have announced a new offering for 401(k) plan fiduciaries.
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The Plan Fiduciaries’ ERISA Compliance Investment Assessment provides insight into a range of issues that plan fiduciaries must address, including the need to offer investment alternatives with materially different risk and return characteristics, guidelines for preparing an investment policy statement (IPS), monitoring investment performance, and more, according to a press release.

The service will be provided by Kelley Drye & Warren LLP, which has a practice group dedicated to advising clients on employee benefits and executive compensation issues.

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“Substantial losses incurred by 401(k) accounts, a rise in class action lawsuits against fiduciaries for losses incurred by plans, and the Department of Labor’s attention to fees and expenses paid out of plan assets has intensified the pressure on plan fiduciaries to be extra cautious about their obligations under ERISA. Undertaking a compliance assessment is a prudent step to take,” said Richard Chargar, co-chair of Kelley Drye’s Employee Benefits and Executive Compensation practice, in the announcement.

More information is available at www.kelleydrye.com.

 

Products June 4, 2009

Great-West Introduces New Target-Date Funds

Great-West Retirement Services today introduced the Maxim Lifetime Asset Allocation Series.
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According to a press release, the Maxim Lifetime Asset Allocation Series provides:

  • Three glide paths,
  • A lifetime investing approach,
  • Third-party consultation,
  • 20 investment managers,
  • 28 underlying funds, and
  • A blend of active and passive investment management.

“We waited until now to introduce a target-date product because we wanted to redefine and enhance the target-date fund category,” said Charlie Nelson, president of Great-West Retirement Services, in the press release. “Through the passage of time and the benefit of 20/20 hindsight, it became clear that first generation target date funds have some limitations. The Maxim Lifetime Asset Allocation Series addresses those concerns.”

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More information can be found at

More information can be found at www.gwrs.com.

 

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